Waterdrop (NYSE:WDH) Trading Down 3.2% – What’s Next?

Shares of Waterdrop Inc. (NYSE:WDH) dropped 3.2% during trading on Tuesday . The company traded as low as $1.44 and last traded at $1.45. Approximately 107,483 shares traded hands during trading, a decline of 54% from the average daily volume of 235,228 shares. The stock had previously closed at $1.50.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Waterdrop from a “hold” rating to a “buy” rating in a research note on Friday.

Waterdrop Price Performance

The company has a 50-day moving average of $1.33 and a two-hundred day moving average of $1.26. The company has a market capitalization of $539.91 million, a PE ratio of 12.41 and a beta of -0.36.

Waterdrop Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date of this dividend was Friday, April 11th. Waterdrop’s payout ratio is 21.43%.

Institutional Trading of Waterdrop

A number of hedge funds and other institutional investors have recently modified their holdings of the company. IDG China Capital Fund III Associates L.P. purchased a new position in shares of Waterdrop during the 4th quarter valued at $6,760,000. Baader Bank Aktiengesellschaft raised its holdings in Waterdrop by 28.6% during the first quarter. Baader Bank Aktiengesellschaft now owns 1,660,910 shares of the company’s stock valued at $2,475,000 after acquiring an additional 369,325 shares during the period. Jane Street Group LLC purchased a new position in shares of Waterdrop in the fourth quarter valued at about $78,000. Finally, Catalina Capital Group LLC purchased a new position in shares of Waterdrop in the fourth quarter valued at about $27,000. 1.96% of the stock is owned by hedge funds and other institutional investors.

Waterdrop Company Profile

Waterdrop Inc, through its subsidiaries, provides online insurance brokerage services to match and connect users with related insurance products underwritten by insurance companies in the People's Republic of China. The company offers short-term health and long-term health and life insurance products and services.